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3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Ocado Group's 3-Year ROIIC % for the quarter that ended in Nov. 2025 was 71.22%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Ocado Group's 3-Year ROIIC % or its related term are showing as below:
LSE:OCDO's 3-Year ROIIC % is ranked better than 90.2% of 296
companies
in the Retail - Defensive industry
Industry Median: 6.01
vs LSE:OCDO: 71.22
Ocado Group (LSE:OCDO) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Ocado Group 3-Year ROIIC % Related Terms
Ocado Group 3-Year ROIIC % Historical Data
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The historical data trend for Ocado Group's 3-Year ROIIC % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Grocery Stores subindustry, Ocado Group's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ocado Group 3-Year ROIIC % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Ocado Group's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Ocado Group's 3-Year ROIIC % falls into.
Ocado Group's 3-Year ROIIC % for the quarter that ended in Nov. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -213.2 (Nov. 2025) - -504.5775 (Nov. 2022) )
/
( 3549.7 (Nov. 2025) - 3140.6 (Nov. 2022) )
=
291.3775
/
409.1
=
71.22%***
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Ocado Group (LSE:OCDO) has a 3-Year ROIIC % of 71.22 as of Nov. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Ocado Group and its competitors. According to the industry distribution chart, Ocado Group ranks #29 out of 296 companies in the Retail - Defensive industry, placing it in the top 9.8%.
Is Ocado Group's 3-Year ROIIC % too high?
Ocado Group's current 3-Year ROIIC % is 71.22. The Retail - Defensive industry median 3-Year ROIIC % is 6.01. Ocado Group's value of 71.22 is 1085% above this industry median. Based on the distribution chart, Ocado Group ranks #29 out of 296 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Ocado Group has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ocado Group's 3-Year ROIIC % compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Ocado Group ranks #29 out of 296 companies for 3-Year ROIIC %. This places Ocado Group in the top 10% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 6.01. Ocado Group's value of 71.22 is 1085% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Retail - Defensive company?
The median 3-Year ROIIC % among Retail - Defensive companies is 6.01, based on 296 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ocado Group's current 3-Year ROIIC % of 71.22 is 1085% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Ocado Group and its competitors. For the Retail - Defensive industry, the median 3-Year ROIIC % is 6.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ocado Group's current 3-Year ROIIC % is 71.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ocado Group stock overvalued right now?
Based on GuruFocus' analysis, Ocado Group (LSE:OCDO) is currently considered Possible Value Trap. The stock's GF Value™ is £4.05, compared to a current price of £1.59 — trading 60.7% below its estimated fair value. The current 3-Year ROIIC % is 71.22 and 1085% above the Retail - Defensive industry median of 6.01. Ocado Group's overall GF Score™ is 50/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Ocado Group (LSE:OCDO), the current 3-Year ROIIC % is 71.22 as of Nov. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ocado Group (LSE:OCDO) Overvalued in 2026?
Based on GuruFocus' analysis, Ocado Group stock appears to be undervalued.
The current stock price of £1.59 is trading 60.7% below its estimated GF Value™ of £4.05.
GuruFocus considers Ocado Group to be Possible Value Trap.
Key valuation signals for LSE:OCDO:
3-Year ROIIC %: 71.22
GF Value™: £4.05 vs. price of £1.59 (60.7% below fair value)
Industry Position: 1085% above the Retail - Defensive median (#29 of 296)
No single metric tells the full story. See the LSE:OCDO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 2000, Ocado provides automation and logistics solutions to grocers. Ocado operates in two segments: logistics and solutions. Logistics provides fulfillment and delivery services in the United Kingdom. Solutions is based on the Ocado Smart Platform, a modular, automated online retail fulfillment and delivery solution that provides software, fulfillment hardware, and support services to corporate customers in return for upfront and recurring fees. Partners include leading grocers around the world, like Sobeys, Morrisons, ICA, Groupe Casino, Bon Preu, Kroger, and Coles. Ocado also has a 50% stake in Ocado Retail, a pure-play e-grocery business. The other 50% is owned by Marks & Spencer.
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